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$960,000

Beds
4
Baths
3.5
sq ft
3,558

27210 Ridge Rd, Damascus, MD 20872

27210 Ridge Rd

DAMASCUS, MD 20872

  • 122 days on market
    • Price drop $15,000↓
Farmette property offering 7.27+/- acres with a large pasture, six-stall stable, large round pen, custom tack room, and a historical barn with large garage for equipment or toys and an unfinished loft. The large house has high-end finishes throughout with an open-concept kitchen / family room that has custom cabinets, built-in shelving, a wood-burning stove, and two new sliding doors to the large back that overlooks the spacious backyard and pasture. The oversized, two-car garage enters through the kitchen where the half-bath and kitchen pantry are located. The second level has four bedrooms, two full baths and a loft. The fully finished walk-out basement has custom built-in cabinets for an office area or homework station, along with two large closets, a second fireplace, laundry room, and full bathroom. The property is contiguous with Bennett Creek conservation park, approximately 400 acres of parkland. Recent updates include: Roof - fall of 2021 with 50 year shingle. Asphalt driveway - Fall 2021. Backyard patio: Spring of 2022. Lower level HVAC: Fall of 2022. Upstairs HVAC: Spring of 2023. Wood stove installed in 2022. Garage door recently replaced. Two parcels for sale. Parcel P380 containing 6.7+/- acres and Parcel P437 containing 0.57+/- acres. Very amazing opportunity within the Damascus High School Cluster.

Details

Property type

Single Family Residence

Est. home value

$875,670

Lot size

7.27 acres

Price per sq ft

$270

Year built

1966

Annual property taxes

$9,378

HOA

No

Price History

11/14/2024
Bright

Bright #MDMC2145054

Price change
$960,000
-1.54%
09/20/2024
Bright

Bright #MDMC2145054

Removed
$975,000
09/07/2024
Bright

Bright #MDMC2145054

Listed
$975,000

Schools & Community

Elementary school: 

DAMASCUS

Middle school: 

Unknown

High school: 

DAMASCUS

School district: 

MONTGOMERY COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$290,995
Asking price
$960,000
Closing costs (~8% of asking)
-$76,800
Est. remaining loan balance
-$592,205
Cash to seller
$290,995

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Intercoastal Mortgage

Loan start date

June 2021

Original loan amount

$640,000

Est. remaining balance

$592,205

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Lora L Loethen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:50 AM

Listing updated: 12/20/2024 at 3:54 PM

Listed by: Charles D Jamison, Charles H. Jamison, LLC Phone #: (301) 428-8200

MLS: Bright #MDMC2145054

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